The Shaw’s supermarket chain is among five retail brands being sold to an investor group.
Supervalu announced today it will sell all its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco pharmacies to an affiliate of Cerberus Capital Management in a transaction valued at $3.3 billion.
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The transaction includes 877 stores.
Shaw’s — which has Mid-coast stores in Bath, Brunswick and Freeport — began in Portland in 1860. Today, Shaw’s and Star Market employ approximately 25,000 in every New England state but Connecticut — though the company has experienced several rounds of employee layoffs.
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